Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Monday, July 8, 2019

Sometimes, I feel our entire exercise of preparing / submitting , the CENTRAL BUDGET , is a waste of time

07 july 2019 Sometimes, I feel our entire exercise of preparing / submitting , the CENTRAL BUDGET , is a waste of time ! It ( the exercise ) , is largely compiling past expenditures ( for 5 years ? ) and then " extrapolating " for the next year ! Tell me , out of the following proposed expenditure for 2019 budget , just presented , how much control Govt has and over which item ? -------------------- # Other Revenue Expenditure ( salaries ? ) ............. 46 % # Interest Payments .................................. ....................... 24 % # Pensions ................................................................................ 6 % # Subsidies .............................................................................. 12 % # Capital Expenditures ( only item with leeway )...... 12 % ============================== For ECONOMY 101 , read : But , Where is the Money ? [ 01 Dec 2017 ] https://lnkd.in/fmQTeZB

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